Business ACH Debit Authorization Agreement

Applies if user selected Bank Login or Use an Account as account funding option

I, the person submitting this Account application, authorize Byline Bank (“Byline”) to initiate a one-time electronic debit from Business’ deposit account held at the financial institution identified in this application (“Other Account”) to the new Byline account established pursuant to this application (“Byline Account”). The transfer date will be the date on which the account application is approved, if the application is approved on a business day before 5 pm Central Time (“CT”), or the business day after the account application is approved, if approved after 5 pm CT on a business day or on a non-business day. Byline will let you know by email when the account application is approved.

I represent and warrant that (i) I have all necessary rights, powers and authority to authorize debits to the Other Account, (ii) the Other Account is a legitimate, open and active account of the Business, (iii) the Other Account is maintained for commercial purposes and not for personal, family or household use; and (iv) all information and instructions that I provide to Byline in relation to this Automated Clearing House (“ACH”) transfer authorization are complete and accurate. I acknowledge and agree that Byline does not take any responsibility for incorrect or erroneous information or instructions provided during this online account application process. Should an incorrect amount be withdrawn from the Other Account or deposited to the Byline Account, I authorize Byline to correct the error by debiting/crediting the Other Account or the Byline Account, as required. I acknowledge and agree that my origination of ACH transfers shall comply with all applicable U.S. laws and the rules of the National Automated Clearing House Association. I request the financial institution that holds the Other Account to honor all transfers initiated in accordance with this authorization.